Piper Sandler Increases Apollo Global Management (NYSE:APO) Price Target to $202.00

Apollo Global Management (NYSE:APO - Free Report) had its target price upped by Piper Sandler from $188.00 to $202.00 in a research note published on Wednesday,Benzinga reports. They currently have an overweight rating on the financial services provider's stock.

Several other research analysts have also issued reports on APO. Redburn Atlantic started coverage on Apollo Global Management in a research report on Tuesday, August 27th. They set a "buy" rating and a $153.00 target price on the stock. The Goldman Sachs Group upped their price objective on shares of Apollo Global Management from $161.00 to $178.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Evercore ISI lifted their target price on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Wells Fargo & Company upped their price target on shares of Apollo Global Management from $164.00 to $197.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th. Finally, TD Cowen lifted their price objective on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $161.63.

Apollo Global Management Stock Down 5.0 %

NYSE APO traded down $8.88 on Wednesday, hitting $167.44. The stock had a trading volume of 7,925,343 shares, compared to its average volume of 2,889,579. The business's fifty day moving average price is $159.60 and its 200 day moving average price is $131.98. The stock has a market cap of $94.74 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 1.84 and a beta of 1.63. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. Apollo Global Management has a 52-week low of $89.76 and a 52-week high of $189.49.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a $0.463 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.11%. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's dividend payout ratio is currently 19.33%.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total transaction of $863,050.00. Following the completion of the sale, the chief financial officer now directly owns 320,564 shares in the company, valued at $55,332,552.04. This trade represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Leon D. Black sold 133,400 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the completion of the sale, the insider now directly owns 35,471,373 shares in the company, valued at $6,177,694,321.68. This trade represents a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 196,600 shares of company stock worth $34,186,128. Insiders own 8.50% of the company's stock.

Institutional Trading of Apollo Global Management

Several institutional investors have recently added to or reduced their stakes in the stock. Chicago Capital LLC boosted its stake in shares of Apollo Global Management by 1.2% in the third quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider's stock valued at $709,000 after purchasing an additional 69 shares during the period. Menard Financial Group LLC grew its stake in shares of Apollo Global Management by 1.2% in the third quarter. Menard Financial Group LLC now owns 5,761 shares of the financial services provider's stock worth $720,000 after acquiring an additional 71 shares in the last quarter. Cyndeo Wealth Partners LLC grew its stake in shares of Apollo Global Management by 3.0% in the third quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider's stock worth $336,000 after acquiring an additional 77 shares in the last quarter. Sfmg LLC increased its position in shares of Apollo Global Management by 1.1% during the third quarter. Sfmg LLC now owns 7,220 shares of the financial services provider's stock worth $902,000 after acquiring an additional 79 shares during the period. Finally, Cigna Investments Inc. New raised its stake in shares of Apollo Global Management by 1.8% in the third quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider's stock valued at $645,000 after acquiring an additional 90 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.